PRESS DIGEST - Wall Street Journal - Jan 26

Feb 26 (Reuters) - The following are the top stories in the

Wall Street Journal. Reuters has not verified these stories and

does not vouch for their accuracy.

* Former Goldman Sachs Group Inc director Rajat Gupta

will have to reimburse the investment bank for more than $6.2

million in legal fees and expenses it paid in connection with

his insider-trading case, a federal judge ruled on Monday.

* Next week, lawyers for Barclays Plc, Royal Bank

of Scotland Group, UBS AG and more than a

dozen other banks still under investigation are expected to ask

a federal-court judge to throw more than 30 lawsuits filed by

borrowers, lenders and other plaintiffs, which seek class-action

status.

* The Deepwater Horizon trial began on Monday with a flurry

of finger pointing, as lawyers for BP Plc, Transocean Ltd

, Halliburton Co, the U.S. federal government,

Gulf Coast states and local businesses traded barbs over who is

to blame for the deadly 2010 explosion and oil spill.

* Hewlett-Packard Co's board is investigating the

company's flawed $11 billion acquisition of software firm

Autonomy Corp Ltd, and has set up an informal

committee to provide strategic advice to Chief Executive Meg

Whitman.

* India's tax authorities are seeking billions of dollars

from some of the world's biggest multinational companies, such

as Royal Dutch Shell Plc and Vodafone Group Plc

saying that they haven't properly valued transactions with their

Indian subsidiaries.

* Faced with public anger over immigration and high living

costs, the Singapore government announced tighter curbs on the

growth of its foreign workforce, pressuring businesses to cut

their reliance on overseas labor and boost citizens' wages.

* Swedish furniture giant IKEA was drawn into

Europe's growing horse-meat scandal after food inspectors in the

Czech Republic found traces of horse meat in a batch of IKEA's

signature meatballs.

* Samsung Electronics Co Ltd and Google Inc

together have stemmed Apple Inc's dominance in

smartphones, but there is new tension in their partnership.

Google executives worry that Samsung has become so big that it

could flex its muscle to renegotiate their arrangement and eat

into Google's lucrative mobile-ad business, people familiar with

the matter said.

Source: http://news.yahoo.com/press-digest-wall-street-journal-jan-26-070530659--sector.html

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